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‘Move the needle’: IMF puts Bahamas growth back to 8%
The Bahamas is being urged to “significantly move the needle” on medium-term economic expansion even though the International Monetary Fund (IMF) yesterday raised this nation’s 2022 growth forecast back to 8 percent.
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‘National security interests served by Turks and Caicos operation’
NATIONAL Security Minister Wayne Munroe continued his defence yesterday of his ministry’s decision to send officers to Turks and Caicos Islands to assist with their crime fight amid criticisms from the opposition.
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URCA promises ‘active review’ of BPL fuel hike
The energy regulator’s pledge that it has begun “an active review” of the up to 163 percent hike in Bahamas Power & Light’s (BPL) fuel charge was yesterday branded “critical” to its continued credibility.
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PM in major price control expansion
The Prime Minister last night unveiled a major expansion of the price control regime to 38 extra foods, medicines and other essentials in a bid to combat soaring inflation that has “made life even more unaffordable” for many Bahamians.
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Minimum wage rise ‘won’t end hardship’
The Prime Minister last night confirmed the private sector minimum wage will increase by 34 percent to $260 per week come January 2023 while admitting it “not eliminate the hardship of trying to make ends”.
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$610,000 a month being paid out by NIB to unemployed
THE National Insurance Board is paying out roughly $610,000 a month in unemployment benefits to jobless Bahamians, according to State Minister Myles Laroda with responsibility for NIB.
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PM calls on UN to ‘step up’ on human trafficking
AS he spoke of his administration’s plans to fortify the country’s borders in a bid to stave off increased migrant crossings, Prime Minister Philip “Brave” Davis revealed that The Bahamas opted not to sign a declaration that suggested nations host undocumented people last June.
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‘We didn’t get here overnight’ on crime
PRIME Minister Philip “Brave” Davis has appealed to Bahamians to come forward with knowledge to prevent or solve crimes, while pointing to gang recruitments in schools and a need to better defend the borders from weapons and drug smuggling.
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‘One in 12’ women raped by husbands
A NEW University of The Bahamas study has found that one in 12 or an estimated 4,000 married women have been raped by their husbands.
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EXTRA PAY IN YOUR POCKET: $260 minimum wage from January
PRIME Minister Philip “Brave” Davis has announced an increase in the country’s minimum wage from $210 to $260 per week. The higher wage will be retroactive in the public service going back to July of this year and for those in the private sector, the change will begin in January 2023. The timeline, he said, is to give employers time to prepare for the increased expense.
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Acting Education Director highlights Abaco issues
EDUCATION officials introduced the new Acting Director of Education Dominique McCartney-Russell yesterday.
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PM announces minimum wage increase to $260 per week
PRIME Minister Philip “Brave” Davis has announced an increase in the country’s minimum wage from $210 to $260 per week.
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PETER YOUNG: Effective new forum or just another talking shop?
PRESIDENT Macron of France started the ball rolling in May this year. During a speech in the European Parliament, he proposed creation of a European Political Community (EPC) as a new forum with the aim of promoting, at the strategic level, dialogue in order to strengthen the security and stability of the European continent.
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Private donations help hurricane repairs on 50 homes
HURRICANE repairs were completed on about 50 homes on Grand Bahama through the Grand Bahama Disaster Relief Foundation (GBDRF), with recent private donations totaling $450,000.
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‘Swimming against tide’ on $400k BPL bill hike
A local manufacturer is “swimming against the tide right now” with Bahamas Power & Light’s (BPL) fuel charge hikes set to increase its 2023 electricity bill by around $400,000 year-over-year to more than $1m.
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‘We will pay the price’ until crime controlled
Tourism leaders are warning The Bahamas “we will pay the price” unless rising crime is brought under control while branding last week’s downgrade by the US as “a warning sign we must heed”.
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Moody’s doubles down on ‘overly optimistic’ forecasts
Moody’s has doubled down on concerns that the Government’s Budget revenue forecasts are “overly optimistic” and that its debt servicing payments will be higher than projected due to the rise in global interest rates
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BPL fuel hikes ‘slap in face’ for Family Islands
Family Island Chamber of Commerce heads have branded Bahamas Power & Light’s (BPL) fuel charge hikes “a slap in the face” as they now have to pay more for unreliable electricity supplies that frequently suffer outages.
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BAMSI’s $7m investment targets 30% import slash
The Bahamas Agriculture and Marine Science Institute (BAMSI) is aiming to invest $7m in a series of “greenhouse parks” designed to cut imports of vegetable staples by 30 percent.
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Murdered man ‘was out on bail’
A 40-YEAR-OLD man who was shot and killed at a farmer’s market on Baillou Hill Road South last Friday was said to be on bail for a serious offence at the time of his murder.
